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Bank Insurance Fund: Review of Loss Estimation Methodologies

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Report Type Reports and Testimonies
Report Date Dec. 9, 1993
Report No. AIMD-94-48
Subject
Summary:

GAO reviewed the methodologies used by five forecasters--the Congressional Budget Office, the Federal Deposit Insurance Corporation, the Office of Management and Budget, Ely and Company, and Roger J. Vaughan and Edward W. Hill--to estimate bank failures and resulting losses incurred by the Bank Insurance Fund. This report (1) contrasts the various approaches used by these forecasters in estimating bank failures and losses and (2) discusses the major similarities and differences between them, the key assumptions used, and the timing and the frequency of their preparation.

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